Did you come to the realization that you have an overpriced car insurance policy? Trust us, there are lots of residents who feel the same. Because you have many options, it can be diffult for drivers to pick the best car insurance company.
The best way we recommend to compare insurance rates in your area utilizes the fact almost all companies provide online access to compare their rates. To get started, all you need to do is provide a small amount of information including distance driven, driver details, if you have a valid license, and if a SR-22 is needed. Your insurance information is then sent to insurance carriers in your area and they return cost estimate immediately.
When it comes to buying proper insurance coverage for your vehicles, there is no single plan that fits everyone. Every situation is different so this has to be addressed. These are some specific questions can help discover whether your personal situation might need professional guidance.
If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.
Having a good grasp of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages found on most insurance policies.
Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Ford Expedition.
Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for nursing services, surgery and rehabilitation expenses. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay
Collision coverages – Collision insurance covers damage to your Expedition resulting from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers things like scraping a guard rail, driving through your garage door, colliding with a tree, damaging your car on a curb and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.
Comprehensive insurance – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like damage from a tornado or hurricane, damage from flooding, damage from getting keyed and vandalism. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Auto liability insurance – Liability insurance will cover damage or injury you incur to other people or property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability coverage protects against claims such as structural damage, court costs, repair costs for stationary objects and medical expenses. How much liability coverage do you need? That is a personal decision, but you should buy as large an amount as possible.